Daily Market Update 9/10/10

Mortgage rates rose Friday following yesterday’s weak 30-year Treasury auction, hitting their highest levels since August 6. In economic news, July Wholesale Inventories rose by 1.3%, the most in two years, easily beating the consensus forecast of +0.4%. Next week will be busy in terms of key economic data, beginning with the release of Retail Sales figures on Tuesday, followed by Industrial Production on Wednesday, the Producer Price Index on Thursday, and the Consumer Price Index on Friday. Rates are likely to remain volatile throughout the week. No other data will be released today.

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